Updating Results

Asian Paints

  • 1,000 - 50,000 employees

Officer I - Corporate Audit

India, Mumbai

Opportunity Expired

Opportunity details

Opportunity Type
Early Career Job, Graduate Job

Application dates

Applications Open
3 Aug 2021
Applications Close
30 Sep 2021

Minimum requirements

Minimum Prior Qualification
Bachelor
Accepting International Applications
No
Qualifications Accepted
B
Accounting, Commerce & Finance
Business Administration & Management

Hiring criteria

Entry pathway

See details

Role Description

Job Purpose

  • Assist Manager in developing and executing the Annual audit plan, and take a lead role in the day to day execution of internal audits
  • Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of risk management, control, and governance processes
  • Ensuring completion of Audit plan as per schedule for impaneled external auditors and providing guidance and support to them in the execution of Audits
  • Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products, or services to ensure an appropriate level of internal control and compliance is maintained.

Main Responsibilities

Planning

  • Engaging with the Auditee for finalization of dates of Audit engagement and Assisting the Manager in collecting information and documents relevant to be used for the preparation of the Audit Planning Memorandum (APM)
  • Identifying transactional discrepancies/inconsistencies in data extracted from ERP/MIS through Auditing Tools, Exception Reports, or Manual Analysis
  • Participate in opening meetings with Auditee to explain the scope and objectives of the audit engagement to Auditee and provide an overview of all steps in the audit process
  • Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes


Fieldwork

  • Develop a risk-based test plan by selecting appropriate audit approach, test procedures, and sampling criteria based on professional judgment and departmentally defined internal audit methodology
  • Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings
  • Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies
  • Organize and reference work papers for review by Manager, Internal Audit
  • Participate in closing meetings with Auditee at the end of fieldwork, providing clear explanations for identified issues


Reporting

  • Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the auditee and senior management.
  • Assist in preparation of Presentation on Major Observation to Auditee Hierarchy/Audit Committee


Other Responsibilities

  • Pursuing closure of open audit issues
  • Supports the Manager, Internal Audit in the development and implementation of the evolving IA methodology
  • Provide consultative support to the unit with regard to the adequate design and execution of risk management processes

Scope of Work

a) Financial Scope (Range of financial spend):

  • 5- 50 lakhs w.r.t external auditors/vendors

b) People Management Scope (Range of no. of Direct/ Indirect Reports):

  • Maintain cordial relationships within and outside the function

c) Geography Coverage (Country-wide/ State-wide / Area-wide)

  • Audit of APL group companies including Subsidiaries (Indian and international) and Joint ventures.

d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other):

  • All Functions in APL and Group Companies

Key Interactions

  • Internal
  • With Various Functions across hierarchy such as Plants, Branches, Sales, marketing, Supply Chain, Finance, Legal, Taxation, SSC, IT, IBU
  • External
  • External Consultants
  • External Auditors
  • Other Vendors

Qualifications

  • Essential- B.Com/BAF/BBI/BMS

Functional Competencies

  • Critical Thinking
  • Business Acumen
  • Analytical Skills
  • SAP ERP and MS Office
  • Report Writing
  • Behavioral Competencies
  • Confidentiality
  • Objectivity
  • Communication
  • Judgment
  • Positive outlook
  • Additional Requirements
  • Should be open for traveling

Hiring criteria

You should have or be completing the following to apply for this opportunity.

Entry pathway
Degree or Certificate
Minimum Level of Study
Bachelor or higher
Study Field
B
Accounting, Commerce & Finance
Business Administration & Management